RLPC-UPDATE 1-Porsche ups fees on 12.5 bln euro loan -sources

Newswire

LONDON, Feb 26 (Reuters) - German carmaker Porsche has increased the fees on its 12.5 billion euro ($15.9 billion) loan refinancing to boost support for the deal before an end-March deadline, banking sources said on Thursday. Porsche wants to raise 10 billion euros to refinance an existing loan maturing March 22, and is also seeking 2.5 billion euros of new money for general corporate purposes, they said. Porsche is paying an interest margin of 275 basis points (bp) on the loan, and has ...

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